Too many managers got promoted for being good workers, not for knowing how to lead. At least teach them some people skills before putting them in charge of actual people.
21 replies (most recent on top)
Citi layoffs are driven, caused by costs and market cycles???
Anyone who believes this has their Head Up Their AS$.
Citi did this to itself and Sh0t itself in the foot millions of times.
In addition to high costs, Citi miscalculated where, how and why Citi needs employees. This is called Bad "management" or mismanagement.
Citi can Not use the excuse that it's bloated with employees when JPMorgan Chase has 315,000 employees and is Still hiring!
Is JPMC also laying off employees? Yes. But it has net 315,000 and is Not doing multiple years/rounds of mass layoffs.
Meanwhile, Sh!tibank can Not manage 200,000 employees down from 260,000 from 6 years ago, and still needs to do draconian layoffs!
The above is in addition to Data Governance problems, monetary fines and perpetual endless Regulatory Consent Orders Sh!tibank collects like a numismatist.
The above is in addition to having Stone Age Spaghetti Dumpster Fire "Technology", methods and policies that cause the vicious Data problems cycle.
The above is in addition to having Incompetent employees who wire Free Money Hundreds of Millions, Billions, even Trillions of U.S. $$ every few months to the Wrong Accounts!
That of course lead to more Consent Orders and monetary fines.
Lather, Rinse, Repeat.
Anyone can Google the Revlon $900 Million wire Fvck UP, $81 Trillion Wire Fvck UP, $400 Million wire Fvck UP ad infinitum.
@10k what’s the point of being civil? You need to stoop to their level. Thank God, Jane. Keep offshoring those jobs. Nothing of value would be lost. I pray you get another $40 million bonus. It’s well deserved.
@10g There’s statistical data suggesting kids aren’t safe around your kind. You either touch them, shoot them, or eat them. Must be a cr--kergraphy thing. There’s smoke here 😱
@10g “Too much smoke” only works as an argument when the “smoke” is verified data, not repeated anecdotes from anonymous forums. Once a narrative starts circulating online, people tend to repeat each other’s framing, which makes it look like independent confirmation when it’s often just echoing.
Also, no major bank publishes or operates based on demographic breakdowns as a success or failure factor. Performance differences across institutions are driven by business mix, risk exposure, interest rate sensitivity, and restructuring cycles — not workforce ethnicity.
If the explanation requires assuming a single demographic causes systemic failure, it’s probably not analysis anymore — it’s just a simplified story replacing a complex one.
What does Citi have or not have, or what is Citi doing or not doing that the other banks are doing or not doing.
This is like a SAT question. One of these is Not like the others.
Citibank is the ONLY bank that's a Dysfunctional Incompetent Freak Show Circus with Stone Age Spaghetti Dumpster Fire "Technology" along with its favourite desographic.
@10f surprised to see people speak more than 1 language?
Even Talk Show Host/actor, Bill Maher said "There's too much smoke to be no fire."
No other financial institution has Citibank's problems and desographic.
And when several hundred if not thousands of employees and posters are saying the same comments, have the same observations, obtained the same conclusions, it's Not an anomaly or rare unicorn situation.
388 NYC Cafeteria is aptly named Three-Atey-Ate.
LOL! The sign is above the entrance and they have their own website.
@106 You’re turning a restructuring decision driven by cost and market cycles into an ethnicity theory. That’s not analysis, that’s just scapegoating with extra steps.
The premises ARE connected to layoffs.
When a company is 80% of one desographic, culture, customs, behaviours, etc. AND has been failing miserably for decades compared to its competitors AND needs to resort to draconian layoffs to survive, the dots can easily be connected to Layoffs.
Layoffs are like a Drvg, Narc0tics.
You need more of it in order to achieve the same high (In Stock price).
At this rate, Citibank will need to layoff 100% of its employees until there is NO more Citibank.
The only scenario or option resulting in the above is bankruptcy and Vultures, Competitors eating up Citibanks pieces.
At this point this isn’t an argument, it’s just people trying to outdo each other in who can say the most extreme thing. None of it has anything to do with layoffs anymore.
@y4 The other banks have baby eaters in the majority. You must know what it smells like?
@y4 Your whole thesis is basically: “I got outcompeted, so now I’m doing toilet-based ethnicity analytics.” That’s rock bottom.
The poster was / is making reference to the fact that Citibank is 80% curry.
This causes explosive or exploded Toilets 🚽🪠🧻 in 388 NYC where he's based.
This does Not happen @ Goldman Sachs or JPMorgan Chase because they're Not 80% curry.
The worst managers I've ever had were the ones who knew how to do the jobs under them but not their own job. A recipe for micro management and stagnancy. Give me a manager who stays out of my day to day and focuses on getting us the budget and credit we deserve any day over some propeller head telling me what button to click.
@k6 At this point, I’m convinced an Indian rejected your résumé, your promotion, and your love confession.
@e7 Imagine being this obsessed with what other people eat and where they po-p. Tough week?
I was a star individual performer during my career but generally hated managing people. Had to job hop a bit but had a good career. Not everyone is cut out to manage people many of whom are slackers or low performers.
Citi does not promote on who is good at their job because if they did, then they would have more in-seat promotions. Citi typically promotes on who is the best a$$ kisser for a role or who can talk a good game in an interview while papering over the fact that they're blatantly incompetent. Either way, the entire company is a raging dumpster fire.
Citi simply does not care who is good at their job, who is a good leader or about quality of work at all. I had been with Citi a long time and there used to be excellent leadership. They're all gone. What's left are managers who can't get a job anywhere else, bootlickers, back stabbers and liars.
I prefer a manager who is a good worker than knows how to su-k a-s lol